Problem 4-5 (Algo) Income statement presentation; Restructuring costs; Discontinued operations; Accounting error (LO4-1, 4-3, 4-4, 4-5) The preliminary 2021 income statement of Alexian Systems, Inc., is presented below: ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 ($ in millions, except earnings per share) Revenues and gains: Sales revenue $ 455 Interest revenue 12 Other income 134 Total revenues and gains 601 Expenses : Cost of goods sold 253 Selling and administrative expense 160 Income tax expense 47 Total expenses 460 Net Income $ 141 Earnings per share $14.10 Additional information: 1. Selling and administrative expense includes $34 million in restructuring costs. 2. Included in other income is $125 million in income from a discontinued operation. This consists of $90 million in operating income and a $35 million gain on disposal. The remaining $9 million is from the gain on sale of investments. 3. Cost of Goods Sold in 2021 was increased by $10 million to correct an error in the calculation of 2020's ending inventory. The amount is material. Required: Prepare a revised income statement for 2021 reflecting the additional facts. Use a multiple-step format. Assume that an income tax rate of 25% applies to all income statement items, and that 10 million shares of common stock were outstanding throughout the year. (Enter your answers in millions rounded to 2 decimal places. Round EPS answers to 2 decimal places.) ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 ($ in millions except per share date) Gross profit Operating expenses: 0.00 Total operating expenses Operating income Other income: 0.00 0.00 Total other income Income from continuing operations before income taxes 0.00 0.00 Income from continuing operations Discontinued operations: 0.00 Income on discontinued operations Net income Earnings per share: Net income